I say we strike a deal.
Why not, we're incompetent either way. Let us get going, and after that we can get back control.What sort of deal? We dont want the US to benefit more from our potential oil reserves than Somalia itself.
Why not, we're incompetent either way. Let us get going, and after that we can get back control.
You need two know how oil development works.Yes let us be in the mercy of US. Yes let them use us like dogs and steal our resources! Mashallah great idea. We are dumb idiots anyway arent we? Heck why dont we just let them have 100% control over all the oil reserves?
Taking back control from something the US already has control off is merely impossible
You need two know how oil development works.
We need a foreign company or nation to Co invest, in return they get a share in the start. That's how Saudi Arabia started, the US/American companies owned most of the ARAMCO oil company that had exclusive rights to Saudi oil, and after a few decades the Saudis bought their way to fully owning it.
Norway also brought in American companies to drill for oil, and after they had learned the expertise themselves they would end up owning it all.
Somalia has no expertise in oil. And we have incompetent politicans. Let the Americans build infrastructure and drill oil, in exchange we get revenue which we can use to build up the nation and educate our own people.
Exactly. I don't even mind if they get 70 % share, 30 % revenue is still massive compared to now when we don't have f*ck all.You need two know how oil development works.
We need a foreign company or nation to Co invest, in return they get a share in the start. That's how Saudi Arabia started, the US/American companies owned most of the ARAMCO oil company that had exclusive rights to Saudi oil, and after a few decades the Saudis bought their way to fully owning it.
Norway also brought in American companies to drill for oil, and after they had learned the expertise themselves they would end up owning it all.
Somalia has no expertise in oil. And we have incompetent politicans. Let the Americans build infrastructure and drill oil, in exchange we get revenue which we can use to build up the nation and educate our own people.
Exactly. I don't even mind if they get 70 % share, 30 % revenue is still massive compared to now when we don't have f*ck all.
Saudi Arabia doesn't even produce 10 million barrels of oil per day.A barrel of oil costs about 50$, we can sell ours cheap and clean for under 19.99$ per barrel, and produce 100million barrels per day, 100million×19.99= 1.99billion $ per day.
A barrel of oil costs about 50$, we can sell ours cheap and clean for under 19.99$ per barrel, and produce 100million barrels per day, 100million×19.99= 1.99billion $ per day.
We can produce 100million, it's not hardSaudi Arabia doesn't even produce 10 million barrels of oil per day.
Saudi Arabia doesn't even produce 10 million barrels of oil per day.
That's because they are the worlds largest oil producer in the world. Hawiye girls are so thick.Russia produces 10million barrels of oil per day.